Japan, Paraguay Agree to Conclude Investment Accord Early

Politics

Asuncion, Dec. 2 (Jiji Press)--Japanese Prime Minister Shinzo Abe and Paraguayan President Mario Abdo Benitez agreed on Sunday to conclude a bilateral investment accord at an early date.

Abe, the first Japanese prime minister to visit Paraguay, told a joint press conference after the meeting at the presidential palace in Asuncion that trade and investment are expanding between Japan and the South American country and that he aims to boost the economic ties further.

Abdo Benitez said he hopes to keep Paraguay's position as a strategic partner for Japanese investors by expanding bilateral trade.

The two leaders also agreed to work closely to resolve the issue of Japanese citizens kidnapped by North Korea decades ago.

In a related development, the Japanese government signed a grant-in-aid pact to provide Paraguayan hospitals with Japanese medical equipment to help make medical services more widely available to people suffering from poverty.

[Copyright The Jiji Press, Ltd.]

Jiji Press